United States:
Thresholds Increase For The Major Assets Prohibition Of The Depository Institution Management Interlocks Act Rules
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On October 10, the Office of the Comptroller of the
Currency (OCC) published a final rule in
the Federal Register that increases the major assets prohibition
thresholds for management interlocks in the OCC’s rule
implementing the Depository Institution Management
Interlocks Act (DIMIA). The final rule
reduces the number of national banks and federal savings
associations subject to the major assets prohibition in the
OCC’s DIMIA rule by increasing both major assets prohibition
thresholds from $1.5 billion and $2.5 billion to $10 billion. Release.
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